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After weeks of running battles on trade and currencies, G20 leaders on Thursday start what promises to be a stormy summit devoted to recalibrating huge distortions in the world economy.Bad blood between the world's 20 biggest rich and emerging nations has spilled over in the buildup to the two-day summit in Seoul, as China's dramatic growth kicks on and America endures a snail's paced recovery from recession.

The world's 20 biggest rich and emerging economies intensified a war of words hours before the start Thursday of a summit devoted to recalibrating huge distortions in the global economy.The summit's South Korean hosts said negotiators were far apart on how to address imbalances that have worsened as China's dramatic growth kicks on and America endures a snail-paced recovery from recession."Considerable differences remain concerning the issues of currencies and current account imbalances," G20 spokesman Kim Yoon-Kyung told reporters.

The world's 20 biggest rich and emerging economies intensified a war of words hours before the start Thursday of a summit devoted to recalibrating huge distortions in the global economy.The summit's South Korean hosts said negotiators were far apart on how to address imbalances that have worsened as China's dramatic growth kicks on and America endures a snail-paced recovery from recession."Considerable differences remain concerning the issues of currencies and current account imbalances," G20 spokesman Kim Yoon-Kyung told reporters.

The world's biggest rich and emerging economies intensified a war of words Thursday, hours before the start of a G20 summit that will struggle to iron out serious distortions in global trade.The United States, struggling to recover from its worst economic crisis in decades, locked horns anew with exporting giants China and Germany over a plan to rebalance skewed commerce between deficit and surplus countries.

BRISBANE, Australia — Vladimir Putin is underlining his presence at a major summit of world leaders in Australia by stationing warships in waters off the country’s northeastern coast, prompting the Australian prime minister to angrily accuse Russia of trying to reclaim the “lost glories” of the Soviet Union.

ST. PETERSBURG, Russia — It’s time to make Google, Apple and other multinational companies pay more taxes. That’s the message from President Barack Obama and the leaders of the world’s leading economies at a summit ending Friday.
The head of the Organization for Economic Cooperation and Development told The Associated Press that the leaders have signed up to an ambitious new tax plan at the Group of 20 summit in St. Petersburg, Russia.

OTTAWA — Given troubling signs of a decelerating global economy, it is not surprising financial leaders from the world’s most advanced nations will look at ways to recharge growth when they meet this week in the U.K.
But it is unclear how much effort — and what results, if any — can be expected from the Group of Seven finance ministers and central bankers during what is being described at an informal gathering in the county Buckinghamshire, northwest of London.

MOSCOW — G20 officials struggled to find a common form of words on currency manipulation ahead of a summit on Friday at which divisions within the group over growth versus austerity looked set to flare back into life.
The head of the European Central Bank criticised wrangling over currencies ahead of the meeting of Group of 20 financial leaders where Japan is expected to escape any censure for its expansionary policies.